Laserfiche WebLink
PRELIMINARY <br />~ BASED ON CURRENT REDESIGN <br /> & 2-11-98 MMDC PROFORMA <br /> Revised 3-26-98 <br /> Salem Area Transit <br /> Ch2 Transit Operating Pro Forma <br /> Assumption <br /> Expense Rate/sf ~~ , ~p <br /> Condo Office Maintenance Fee (2s,asasr r~ S.2sis~ <br /> 1 Cleaning Expense $ 0.089 b 2,392.68 <br /> 2 Personnel Expense 0.025 672.10 <br /> 3 Minor Maintenance 0.002 53.77 <br /> 4 Other Maintenance 0.018 483.91 <br /> 5 HVAC Maintenance 0.023 618.33 <br /> 6 Etectrical Maintenance 0.005 134.42 <br /> 7 Utilities 0.101 2,715.28 <br /> 8 Securiry/Life Safery 0.004 107.54 <br /> 9 Insurance 0.014 376.38 <br /> 10 Miscellaneous Costs . 0.009 241.96 <br /> $0.290 a 7,796.36 $ 7,796.36 $ 93,556.32 <br /> <br /> Transit Mall <br /> 11 Cleaning Expense (.s ~ servk:e worker~ $ 1,290.00 <br /> 12 Maintenance (ss,aza s~ $ 0.040 2,672.96 <br /> 13 Utilities (ss,e2a s~ 0.010 668.24 <br /> $ 0.050 $ 4,63120 $ 4,631.20 $ 55,574.40 <br />~ Other Expenses <br /> 14 Major Maintenance Reserve $ 0.020 $ 537.68 <br /> 15 Office Cleaning ~.s FTE service wodcer~ 1,290.00 <br /> 16 Parking Maintenance - <br /> 17 Leasing Agent ~s%) - <br /> 18 Property Taxes on 6578sf of Leased Space # $ 0.160 1,052.48 <br /> S 2.880.16 a 2,880.16 $ 34,561.92 <br /> <br /> Total Expenses 515,30T.72 S 183,692.64 <br /> <br /> Revenue/Expense Reductions <br /> Expense Reductions <br /> Current Downtown Funds: $ 1,812.00 $ 21,744.00 <br /> 19 Rent $ 1,432.00 <br /> 20 Utilities $ 380.00 <br /> 21 Storage Unit E 77.00 $ 924.00 <br /> Revenue <br /> 22 Transit Retail (sasasq (s~ vacancy a~iowed) # S 2.00 $ 7,738.00 $ 7,351.10 a 88,213.20 <br /> 23 Transit Expansion ~z~osa~ (s% vacancy a~bwed) # S 1.60 a 4,334.40 $ 4,117.68 $ 49,412.16 <br /> 24 Parking Revenue ~ao spaces) S 40.00 3 1,600.00 $ 1,600.00 $ 19,200.00 <br /> 25 Private Land Lease on 20,000 sf b 1,258.00 $ 1,258.00 $ 15,096.00 <br /> Total Revenues and Expense Reductions 16,215.78 194,589.36 <br /> <br /> Net Cash Flow • <br />' Net gain would be used to offset other District Operating expenses <br /># Properly tax on leased spaces inGuded in rent <br />Conference Room rent not induded - undeterminable <br />~ Ch2 ProFortna Revised 326/98 <br />